Huge jump in Treasury bond yields lures buyers back to the battered market

Yesterday the 4% coupon fell 100bp with the absence of buyers, but the opposite happened today as buyers came out in droves and pushed the coupon up 119bp to 98.94! Bargain hunting and a strong performance by the 7-yr note auction were the catalysts behind the move. Stocks had another dull session with low volumesContinue reading “Huge jump in Treasury bond yields lures buyers back to the battered market”

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